REG - Old Mutual Ltd - OML Executive Appointments

Old MutualAnnouncement

13/11/2025 15:00

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RNS Number : 4778H  Old Mutual Limited  13 November 2025

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

JSE Alpha Code: OMLI

LSE Share Code: OMU

NSX Share Code: OMM

MSE Share Code: OMU

ZSE Share Code: OMU

("Old Mutual" or "Group" or "Company")

 

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13 November 2025

 

APPOINTMENT OF SOUL ABRAHAM AS CEO-DESIGNATE OF OLD MUTUAL INSURE AND RANEN
THAKURDIN AS GROUP CHIEF RISK OFFICER OF OLD MUTUAL

 

Shareholders are hereby notified of the appointments of Mr. Soul Abraham as
Chief Executive Officer (CEO)-designate of Old Mutual Insure, a wholly owned
subsidiary of Old Mutual, and Mr. Ranen Thakurdin as Group Chief Risk Officer
of Old Mutual. Both executives will serve as members of the Old Mutual Group
Executive Committee.

 

Mr Abraham is currently Chief Executive of Retail Insurance at Old Mutual
Insure and has been with the Group for 10 years. He recently led a successful
strategic turnaround of the Retail Insurance business. He holds a Bachelor of
Science Honours degree in Actuarial Science from the University of the
Witwatersrand and a Postgraduate Diploma in Leadership (Cum Laude) from
Stellenbosch Business School. To ensure a smooth leadership transition, Mr
Abraham will assume the CEO-designate role on 1 January 2026, working
alongside the current CEO, Charles Nortje. He will formally become CEO on 1
April 2026, subject to regulatory approval. Mr Nortje will retire on 31
December 2026.

 

Mr Thakurdin is currently Chief Accountant reporting to the Group Chief
Financial Officer. He is a qualified actuary (FASSA) and holds CFA, MBA and
FRM certifications. He combines deep financial services expertise with a
proven track record of driving strategic leadership and execution in complex
environments. Mr Thakurdin has been with the Group for seven years and
previously spent over a decade at Liberty Life. His appointment is effective
from 1 January 2026, subject to regulatory approval. Current Group Chief Risk
Officer, Richard Treagus will retire on 31 December 2025 and will work with Mr
Thakurdin until he assumes the role.

 

Group CEO, Jurie Strydom commented "These appointments reflect a
well-considered succession process and demonstrate the depth of our leadership
bench, enabling us to navigate change with clarity and confidence. They join
our leadership team at an exciting time as we sharpen our focus and execution
to deliver even better products and services to customers and unlock value and
generate growth for the Group. I look forward to working with Soul and Ranen
and wish them success in their new roles. I would also like to thank Charles
and Richard for their exceptional service to the Company over many years, and
for their invaluable support. Their contributions and professional commitment
are greatly valued and have been instrumental to Old Mutual's success."

 

 

Sandton

 

Sponsors

 JSE                                                         Equity Sponsor: Tamela Holdings (Proprietary) Limited

                                                             Debt Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank
                                                             Limited
 Namibia                                                     PSG Wealth Management (Namibia) (Proprietary) Limited
 Zimbabwe                                                    Imara Capital Zimbabwe plc
 Malawi                                                      Stockbrokers Malawi Limited

 Enquiries

 Investor Relations
 Langa Manqele                              M: +27 82 295 9840

 Head of Investor Relations                 E: investorrelations@oldmutual.com

Communications

Wendy Tlou
                  M: +27 82 906 5008

Chief Communications

and Reputation Officer
     E: oldmutualnews@oldmutual.com

 

Notes to Editors

 

About Old Mutual

Old Mutual is a premium African financial services group that offers a broad
spectrum of financial solutions to retail and corporate customers across key
market segments in 12 countries. Old Mutual's primary operations are in Africa
and it has a niche business in China. With over 180 years of heritage across
sub-Saharan Africa, Old Mutual is a crucial part of the communities it serves
as well as broader society on the continent.

 

For further information on Old Mutual and its underlying businesses, please
visit the Corporate website at www.oldmutual.com (http://www.oldmutual.com)
 

 

 

 

 

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